- Reuters•4 hours ago
Canada's main stock index edged slightly higher on Tuesday as bank and fertilizer stocks rallied, but gains for the index were mostly pared as lower gold prices weighed on mining stocks. The Toronto Stock Exchange's S&P/TSX composite index has rebounded 27 percent after hitting a three-year low in January. In the absence of a fresh catalyst, stock markets, including the TSX, are going to "trend sideways," said Jay Bala, senior portfolio manager at AIP Asset Management Inc., who favors investment strategies whose returns are not dependent on the direction of the overall market.
- TheStreet.com•5 hours ago
Ritchie Bros. (RBA) is acquiring the e-commerce site IronPlanet for $758 million, a deal that Oppenheimer analysts say will help expand Ritchie Bros' digital capabilities.
- American City Business Journals•6 hours ago
Ritchie Bros. Auctioneers, which focuses on the sale of heavy machinery, acquired industrial e-commerce site IronPlanet on Monday for $758.5 million. The Vancouver-based Ritchie will use a combination of cash and new debt to finance the transaction. CEO Gregory J. Owens heads up Pleasanton-based IronPlanet, which was founded in 1999 as a platform where customers can bid on and purchase heavy machinery.
Ritchie Bros. Auctioneers Incorporated (RBA)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||35.81 x 1100|
|Ask||36.50 x 200|
|Day's Range||33.33 - 35.94|
|52wk Range||21.03 - 35.94|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||27.96|
|Avg Vol (3m)||504,687|
|Dividend & Yield||0.68 (2.39%)|